South Korea Plans Accounting Changes for Shipyards, BuildersBy
Measures will reflect payments owed to the companies
Changes follow huge losses on delayed or cancelled projects
South Korea will draw up measures to increase transparency to the accounting methods used by construction and shipbuilding companies to prevent them from running up huge losses when projects are delayed.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.